(Megrisoft) Megrisoft complete technical analysis [charts+indicators] | Buy/Sell Megrisoft | (Megrisoft) share price targets
Complete technical analysis of Megrisoft (Megrisoft) by charts plus indicators, forecast predictions and share price targets for Megrisoft (Megrisoft)
Showing technical analysis as on 2022-05-24 View latest technical analysis
10 day averaged volume of Megrisoft is 40
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Tue May 2022 | 118.95 | 119.90 | 119.95 | 110.00 | 3.45 times |
| 23 Mon May 2022 | 115.55 | 121.75 | 121.75 | 115.55 | 3.675 times |
| 20 Fri May 2022 | 121.60 | 116.00 | 121.60 | 116.00 | 1.475 times |
| 19 Thu May 2022 | 121.60 | 121.85 | 121.85 | 112.10 | 0.3 times |
| 18 Wed May 2022 | 118.00 | 122.90 | 122.90 | 118.00 | 0.075 times |
| 17 Tue May 2022 | 120.50 | 121.00 | 121.00 | 120.50 | 0.05 times |
| 16 Mon May 2022 | 121.40 | 121.40 | 121.40 | 121.40 | 0.075 times |
| 13 Fri May 2022 | 121.40 | 121.40 | 121.40 | 121.40 | 0.025 times |
| 12 Thu May 2022 | 121.40 | 120.05 | 121.75 | 114.05 | 1.85 times |
| 11 Wed May 2022 | 120.05 | 123.70 | 123.70 | 114.85 | 1.7 times |
Stock of Megrisoft (Megrisoft) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 116.4 as stoploss in an intra day buy trade for a target of 122.41. However, stock will show a bearish move below 116.4.
Share price targets for Megrisoft (Megrisoft)
| Target Type | Value |
| Downside Target | 103.00 |
| Downside Target | 108.15 |
| Upside Target | 121.75 |
| Upside Target | 127.50 |
| Upside Target | 131.95 |
| Upside Target | 139.75 |
| Upside Target | 148.95 |
| Upside Target | 162.40 |
| Upside Target | 167.75 |
| Upside Target | 173.00 |
| Upside Target | 183.00 |
Intraday share price targets for Megrisoft (Megrisoft)
| Target Type | Value |
| Downside Intraday Target | 112.05 |
| Downside Intraday Target | 105.15 |
| Upside Intraday Target | 123.8 |
| Upside Intraday Target | 128.65 |
| Downside Intraday Target | 116.9 |
Weekly technical analysis of Megrisoft (Megrisoft)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Tue May 2022 | 118.95 | 121.75 | 121.75 | 110.00 | 3.608 times |
| 20 Fri May 2022 | 121.60 | 121.40 | 122.90 | 112.10 | 0.399 times |
| 13 Fri May 2022 | 121.40 | 117.60 | 123.70 | 114.05 | 0.162 times |
| 06 Fri May 2022 | 117.60 | 131.95 | 131.95 | 108.15 | 1.264 times |
| 29 Fri Apr 2022 | 131.75 | 127.60 | 139.75 | 127.50 | 0.572 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Megrisoft (Megrisoft)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 24 Tue May 2022 | 118.95 | 131.95 | 131.95 | 108.15 | 0.355 times |
| 29 Fri Apr 2022 | 131.75 | 148.00 | 162.40 | 127.50 | 0.804 times |
| 31 Thu Mar 2022 | 147.05 | 130.00 | 167.75 | 103.00 | 0.63 times |
| 28 Mon Feb 2022 | 119.45 | 158.00 | 173.00 | 115.20 | 0.936 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Megrisoft (Megrisoft)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 5, 34, 75 | Sell |
| MACD | -10, -11 | Buy |
| Stochastics | 59 | None |
| CCI | -170 | Sell |
| RSI | 43 | Sell |
| OBV | -198 | Sell |
| VWAP | 119 | Buy |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Megrisoft ( (Megrisoft) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Megrisoft ( (Megrisoft) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Megrisoft ( (Megrisoft) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Megrisoft ( (Megrisoft) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Megrisoft stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Megrisoft in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Megrisoft Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Megrisoft in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Megrisoft is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 118.86 and Megrisoft (Megrisoft) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Megrisoft (Megrisoft) stock. Volume based technical analysis of Megrisoft (Megrisoft) stock is negative.
Megrisoft Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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